Ascott Residence Trust ups exposure to student accomodation with Texas asset
Ascott Residence Trust (ART) will acquire a freehold 1,005-bed student accommodation asset in Texas, USA for USD70.0 million. The asset,…
Ascott Residence Trust takes possession of Clarke Quay hotel on tenant default
Ascott Residence Trust (ART) has taken possession of Park Hotel Clarke Quay, following a failure by its master tenant to…
Ascott Residence Trust moves to repossess Singapore hotel over SGD5.9 million owed
Ascott Residence Trust (ART) has issued a notice of intended forfeiture to its tenant that currently operates Park Hotel Clarke…
Ascott Residence Trust further expands exposure to student housing with South Carolina foray
Ascott Residence Trust (ART) and The Ascott Limited (Ascott) are jointly investing and developing a 678-bed freehold student accommodation in…
With longer recovery ahead, Fitch downgrades Ascott REIT’s ratings to BBB-
Fitch Ratings has downgraded Ascott REIT’s issuer default rating to 'BBB-' from 'BBB', with a stable outlook. The downgrade reflects…
Ascott REIT pivots towards long-stay accomodation with JPY6.78 billion acquisition
Ascott Residence Trust (ART) is acquiring three freehold rental housing properties in central Sapporo from unrelated third parties for JPY6.78…
Ascott Residence Trust expands investment mandate into student lodging
Data from Ascott Residence Trust’s latest results have been updated into the Singapore REITs table. Ascott Residence Trust (ART) announced…
Ascott Residence Trust secures SGD50 million green loan
Ascott Residence Trust (ART) has obtained a SGD50 million five-year green loan from DBS Bank Ltd (DBS). Proceeds from the…
Fitch Ratings downgrades Ascott REIT’s outlook to negative
Fitch Ratings has revised Ascott REIT’s outlook from stable to negative amid an unprecedented downturn in the hotel and lodgings…
Singapore REITs report mixed bag of earnings amid uncertain operating climate
Several Singapore REITs have continued to report in their financial results for 1H 2020, amid uncertain operating conditions brought about…